Plant-based natural ingredients producer Naturex has acquired 100% stake in Swedish Oat Fiber. Both the companies have agreed not to disclose the financial details of the transaction.
The acquisition of Swedish Oat Fiber, which manufactures oat-based extracts and ingredients, is expected to further strengthen Naturex’s presence in the nutrition segment.
Olivier Rigaud, Naturex chief executive officer and director said: “This acquisition will support our development and diversification strategy into very promising market segments such as dietary fibres with strong health claims, and speciality plant-based proteins, in line with new consumer trends.”
Peo Crona, Swedish Oat Fiber chief executive officer added: “We are very pleased to join Naturex Group who share the same passion for our business and common values of entrepreneurship, creativity and integrity. We are convinced that Naturex will know how to provide a new strategic impetus to Swedish Oat Fiber and support its development and future projects through its international commercial network R&D support and the expertise of its network of application laboratories.”
Swedish Oat Fiber has been engaged in the production of oat beta-glucans dietary fibres, oat oils and oat proteins addressing food industry, nutraceutical, cosmetic and animal feed applications.
